Appraisal Assay Results PT.

Trias Jaya Abadi, Kabaena Island Copper, Sibolga and Lampung NUP, Lembang
SGS Certificate of Analyses JK16-00820, 23 11 2016

Several areas of mineralisation were inspected in Sumatra and Sulawesi (Kabaena Island and Gorontalo) in October
2016

Sumatra
 Sibolga, Bayan Tanju, Samples S1 –S2
 Sibolga, Road Cutting, Sample S3
 Sibolga, Mursalla Island, Samples S4-S9
 Lampung NUP, Lembang, Samples S10 – S13A

Sulawesi
 Kabaena Island PT. Trias Jaya Abadi, Copper, Samples S13A – S14
 Gorontalo, Marissa, Sample S41
 Gorontalo, Marissa, Sample S42

Sibolga, Bayan Tanju, Samples S1 –S2, Sibolga, Road Cutting, Sample S3, Sibolga, Mursalla Island, Samples
S4-S9
These were barren and all contained <0.01 grams per tonne gold. No further discussion required.

Lampung NUP, Lembang, Samples S10 – S13A

Has been reviewed in separate report

PT. Trias Jaya Abadi, Kabaena Island Copper

The most significant discovery is the copper mineralisation at PT. Trias Jaya Abadi, Kabaena Island
Sample ID Location Description Au PPM Cu %

S13B PT. Trias Jaya Abadi, Outcrop in creek, copper area

Kabaena Island Copper <0.01 2.93

S14 PT. Trias Jaya Abadi, From around pit excavated in copper
Kabaena Island Copper mineralisation <0.01 4.65

This is potentially a large scale, highly valuable resource. Grades range from 2.93 - 4.65% copper.

PT Trias employees informed us the copper mineralisation extends for hundreds of metres laterally normal to strike if
foliation and we observed a considerable vertical extent of tens of metres.

The mineralisation consists of malachite Cu2(CO3)(OH) , a green hydrated copper carbonate. This mineral has one
the simplest metallurgical processes to recover a copper concentrate, simple acid leaching, and very low capex.

Malachite is high grade and contains 57% Copper.

The malachite is exposed at surface and can be mined by a simple open cut and processed in a simple, low capex acid
leaching plant.

Conclusions and Recommendations

 Immediately enter into negotiations to acquire deposit.
Gorontalo, Marissa, Sample S41
Sample ID Location Description Au PPM
S41 Gornotalo Marissa Coarse alluvial gold, pan concentrate  

Pan concentrate contained 0.02 grams. Original panned mass was 7.5kg, so 1,000/7.5 = 133.33 x 0.02 = 2.7 grams per
tonne gold.

Recommendation
High grade alluvial. Return and systematically sample to determine gold grade range and volume of gold-
bearing wash.

Gorontalo, Marissa, Sample S42

Sample ID Location Description Au PPM
S42 Gorontalo Marissa 6 metre wide pyrite vein 0.25

The 6 metre wide pyrite vein contained 0.25ppm Au.

Recommendation
Return and systematically sample to determine extent and range of gold mineralisation.